General Finance Co. (NASDAQ:GFN) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.20.
Several brokerages recently commented on GFN. DA Davidson reissued a “buy” rating on shares of General Finance in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of General Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 17th.
Shares of General Finance (GFN) traded up $0.05 during mid-day trading on Thursday, reaching $7.50. 21,500 shares of the company traded hands, compared to its average volume of 34,626. General Finance has a one year low of $4.50 and a one year high of $7.50. The stock has a market cap of $199.08, a P/E ratio of -68.18 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 3.88.
General Finance (NASDAQ:GFN) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.12. General Finance had a net margin of 0.18% and a return on equity of 0.39%. The company had revenue of $92.13 million for the quarter, compared to the consensus estimate of $78.80 million. analysts anticipate that General Finance will post -0.13 EPS for the current year.
In other news, major shareholder Neil Gagnon sold 20,872 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7.47, for a total transaction of $155,913.84. Following the sale, the insider now owns 957,493 shares of the company’s stock, valued at approximately $7,152,472.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 25.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GFN. Citadel Advisors LLC purchased a new stake in shares of General Finance during the 2nd quarter valued at about $134,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of General Finance by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 1,900 shares during the last quarter. Litman Gregory Asset Management LLC purchased a new stake in shares of General Finance during the 3rd quarter valued at about $120,000. Valeo Financial Advisors LLC purchased a new stake in shares of General Finance during the 3rd quarter valued at about $754,000. Finally, Monashee Investment Management LLC purchased a new stake in shares of General Finance during the 4th quarter valued at about $171,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.
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About General Finance
General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc and its Canadian subsidiary, PV Acquisition Corp.
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